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2017/18 Undergraduate Module Catalogue

LUBS1280 Mathematical Economics

10 creditsClass Size: 520

Module manager: Peter Phelps

Taught: Semester 2 View Timetable

Year running 2017/18

Pre-requisite qualifications

Mathematics GCSE Grade A

This module is mutually exclusive with

LUBS1535Excel for Business Analytics
MATH0111Elementary Diff Calculus 1
MATH0131Elementary Differential Calculus (Version 2)
MATH0212Elementary Integral Calculus (Version 1)
MATH0360Introduction to Applied Mathematics 1
MATH0365Foundation Probability and Statistics
MATH0370Introduction to Applied Mathematics 2
MATH0380Foundation Applied Mathematics for Business
MATH1050Calculus and Mathematical Analysis
MATH1400Modelling with Differential Equations

This module is not approved as a discovery module


This module aims to provide students with a basic knowledge of the role of mathematics in the application of economic and accounting theory.

Learning outcomes
Upon completion of this module students will be able to:
- Recognise and recall the role of mathematics in economic and accounting theory

Skills outcomes
Upon completion of this module students will be able to:
- Perform mathematical analysis
- Solve problems with the application of economic and accounting theory


The module will cover:
(1) differentiation;
(2) optimisation;
(3) integral calculus;
(4) economic dynamics;
(5) further applications in mathematics and statistics.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours82.00
Total Contact hours18.00
Total hours (100hr per 10 credits)100.00

Private study

Students will be required to engage with the lecture and tutorial material and in particular solve independently problems which will deepen their understanding of the material.

Opportunities for Formative Feedback

Students will be required to complete periodic online tests and will also be given the opportunity to attempt a mock examination. Feedback received from tests is intended to help students measure their progress on the module and to assist them with exam preparations.

Methods of assessment

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

Resit will be 100% by exam.

Reading list

The reading list is available from the Library website

Last updated: 01/12/2017


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